EMEA Investor Of the Year Predicts Brent At $70 By 2017 End

Oil prices are set to hit the $70 barrel mark later this year, according to Pierre Andurand, the managing partner at Andurand Capital Management that won 2017’s EMEA Investor’s Choice Award. The general consensus among energy experts, on the other hand, puts the Brent barrel at $55 by the end of the year, and at $60 in the next 2 to 3 years. “I think oil prices are likely to recover to around $70,” Andurand told CNBC. “I think the market will switch to backwardation – sustainable backwardation – by late summer…

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